Friday, November 19, 2010

Friday = Saturday

I am declaring today a holiday, or perhaps a time translation merging Friday into Saturday. Or am I influenced by intense advanced waves from Saturday that my mind now has been taken over by the state function that it will have on Saturday morning?

LOL.

In any case, my post today will simply be a link to the text of Battleship Ben's speech today in Europe (which I listened to), explaining the problems caused by nations that undervalue currencies.

I guess Ben reads this blog. It's time for Asia nations to develop domestic demand and get off our back!

Word of the Day

"Profundity" - noun [$10]; Profound - adjective [$10]Profound means having to showing great quality or insight.Profundity means the state or quality of being profound.Sentence: The immense profundity of Battleship Ben's speech today crushes his pipsqueak critics, who are shown to be simpleminded fools with no insights.

"Why have officials in many emerging markets leaned against appreciation of their currencies toward levels more consistent with market fundamentals?" Mr. Bernanke asks. Mainly, he says, because they are sticking to a long-term strategy of pushing for export-led growth with cheap exchange rates.

dr bernanke has the balls to say that with a straight face...............wtf is he doing...........amazing hypocrisy

About Me

I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance.
I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience.
The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.